• Thursday, 16 February 2023

    What the markets are doing on 16 February, 2023

    EARNINGS WATCH-Talaat Moustafa Group reported EGP 2.23 bn in 2022 net income, rising 25% y-o-y, according to the company’s financials (pdf). Revenues for the year increased 29% y-o-y to EGP 19.87 bn. MARKET ROUNDUP-The EGX30 fell 0.2% at today’s close...
  • Sunday, 3 July 2022

    Al Ahly Pharos closes EGP 1.2 bn securitization for Talaat Moustafa Group

    Talaat Moustafa Group (TMG) has sold EGP 1.17 bn worth of securitized bonds in an issuance managed by Al Ahly Pharos, according to a statement (pdf) last week. The three-tranche issuance was backed by a EGP 1.73 bn portfolio of...
  • Monday, 4 April 2022

    Credit Agricole Egypt appoints new CFO + Talaat Mostafa Group gets a new CEO

    Credit Agricole Egypt has appointed Ravinarayanan Iyer (LinkedIn) as its new chief financial officer, replacing Hany Nassef, who stepped down in December, the bank announced in a regulatory filing (pdf) yesterday. The bank also appointed Osama Saleh as its new...
  • Sunday, 3 April 2022

    e-Finance + TMG approve dividend payouts

    e-Finance will pay shareholders dividends of EGP 0.10 per share for FY2021, according to a decision by the ordinary general assembly announced in an EGX filing (pdf).Talaat Moustafa Group’s ordinary general assembly approved a dividend payout to shareholders of EGP...
  • Wednesday, 27 October 2021

    EFG Hermes Corp-Solutions plans EGP 1 bn bond issuance early 2022

    EFG Hermes Corp-Solutions is planning a EGP 1 bn securitized bond sale early next year in early 2022, CEO Talal Elayat told Al Mal. This is in addition to a EGP 700 mn issuance the company is still planning to...
  • Sunday, 8 August 2021

    New closing price mechanism to come on 2 September + Farid gets new four-year term as EGX boss

    MARKET NEWS- The new mechanism for calculating closing share prices will come into effect on 2 September, the bourse said in a statement (pdf) today. Approved by the EGX last week, a “pre-close auction” system will be introduced in a...
  • Tuesday, 8 June 2021

    TMG does another JV with state-owned banks

    The National Bank of Egypt (NBE), Banque Misr and Talaat Moustafa Group (TMG) have established a new real estate joint venture, dubbed Rawasi, with paid-in capital of EGP 200 mn, NBE Deputy Chairman Yehia Abou El Fettouh told Masrawy.What’s in...
  • Monday, 7 June 2021

    Construction of TMG’s EGP 500 bn Nour City has begun

    Construction of Talaat Moustafa Group’s EGP 500 bn Nour City development has begun, after Housing Minister Assem El Gazzar and TMG CEO Hisham Talaat Moustafa yesterday laid the foundation stone, the company said in a statement (pdf). The 5k-feddan project...
  • Sunday, 30 May 2021

    Also on our radar on 30 May 2021

    TMG subsidiary the Arab Company for Projects and Urban Development has received a 5k feddan plot of land to build a mixed-use project in Capital Gardens City near the new administrative capital, the Housing Ministry said in a statement. The...

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